Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the governmentís annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.

That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nationís annual ...

Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the governmentís annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.

That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nationís annual ...

Read more

Never miss a story

Choose the plan that's right for you.
Digital access or digital and print delivery.

Sister Publication

Original content available for non-commercial use under a Creative Commons license, except where noted.
Boonville Daily News - Boonville, MO ~ 412 High St. Boonville, MO 65233 ~ Privacy Policy ~ Terms Of Service